The power and renewable energy minister R K Singh recently said that government has estimated an investment of about Rs 4 lakh crore over the course of next three years to meet renewable energy target. The minister answering a question in Rajya Sabha said “A cumulative renewable energy capacity of 83.38 GW has already been […]
India needs to reform its tariff regime to reduce dependence on discoms and bring new electricity procurement models to boost consumption of renewables by commercial and industrial (C&I) consumers, according to an industry expert. As per a report by WWF-India, C&I consumers account for 51 per cent of the total electricity consumption in India, which […]
China plans to make power purchasers take fair returns into account when buying electricity from renewable power generators, according to a draft rule issued by the National Energy Administration on Monday aimed at improving their revenues. The draft rule will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the energy body […]
New clean energy investment slid by more than a fifth in developing countries last year due to a slowdown in China, while the amount of coal-fired power generation jumped to a new high, an annual survey showed on Monday. Bloomberg New Energy Finance (BNEF) surveyed 104 emerging markets and found that developing nations were moving […]
Electricity supply is one of the biggest CO2 emitters globally. To keep global warming well below 2°C, several paths lead to zero emissions in the energy sector, and each has its potential environmental impacts — such as air and water pollution, land-use or water demand. Using a first-time combination of multiple modelling systems, an international team […]
Sales of renewable energy certificates dipped 2.25 per cent to 6.87 lakh units in October as compared to 7.03 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are […]
Distributed Energy, a renewable energy aggregator has announced one of its kind platform that connects credible renewable projects with investors. After comprehensive due diligence on several metrics is performed, energy customers have their fundable projects listed on its marketplace. Investors can explore and express interest in one or more of these at the click of a button. The […]
Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business. EOLFI has largely focused on solar and wind projects, including offshore wind farms. Offshore wind is one of the fastest growing renewables markets, with floating structures the technology’s next frontier because they utilise waters that […]
Gujarat government has set a target of 30,000 MW of renewable energy generation by 2022 from the current 9,670 MW. “Gujarat will have over 30,000 MW of renewable energy by 2022, the roadmap for which has been finalised,” state’s chief secretary J N Singh told reporters here on Monday. At present, the state has a […]
India ideally needs $30 billion investment per year in the renewable sector, backed by a strong regulation to preserve contract sanctity, according to a research organisation. “Today, we are averaging about $11 billion a year in renewable investments, we ideally should be getting $30 billion per year in India,” Arunabha Ghosh, chief executive officer of […]
